5,983,207 Shares in Aris Mining Co. $ARIS Bought by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Aris Mining Co. (NYSE:ARIS) during the 2nd quarter, Holdings Channel reports. The institutional investor acquired 5,983,207 shares of the company’s stock, valued at approximately $89,137,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Arrowstreet Capital Limited Partnership boosted its position in shares of Aris Mining by 28.8% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 5,418,929 shares of the company’s stock worth $87,907,000 after buying an additional 1,211,708 shares during the period. FIL Ltd purchased a new stake in shares of Aris Mining during the 4th quarter valued at about $62,900,000. JPMorgan Chase & Co. raised its holdings in shares of Aris Mining by 87.3% during the 4th quarter. JPMorgan Chase & Co. now owns 3,240,826 shares of the company’s stock valued at $52,599,000 after buying an additional 1,510,919 shares during the period. Bank of Montreal Can lifted its position in Aris Mining by 87.4% during the 4th quarter. Bank of Montreal Can now owns 2,273,031 shares of the company’s stock worth $36,865,000 after acquiring an additional 1,060,049 shares in the last quarter. Finally, Amundi lifted its position in Aris Mining by 15.5% during the 3rd quarter. Amundi now owns 2,176,647 shares of the company’s stock worth $22,659,000 after acquiring an additional 291,616 shares in the last quarter. Institutional investors and hedge funds own 39.71% of the company’s stock.

Aris Mining Trading Up 0.1%

NYSE:ARIS opened at $20.89 on Monday. The stock has a market cap of $4.31 billion, a price-to-earnings ratio of 15.14 and a beta of -0.14. Aris Mining Co. has a one year low of $6.87 and a one year high of $23.29. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.68 and a current ratio of 1.91. The business’s 50-day simple moving average is $15.78 and its 200 day simple moving average is $17.55.

Aris Mining (NYSE:ARIS) last issued its quarterly earnings data on Wednesday, July 29th. The company reported $0.47 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.08. Aris Mining had a return on equity of 22.82% and a net margin of 22.43%.The firm had revenue of $330.23 million during the quarter. As a group, sell-side analysts predict that Aris Mining Co. will post 2.28 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on ARIS. Zacks Research cut Aris Mining from a “hold” rating to a “strong sell” rating in a report on Wednesday, August 5th. Weiss Ratings downgraded shares of Aris Mining from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday. Three analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $17.00.

Aris Mining Profile

Aris Mining Corp, headquartered in Vancouver, British Columbia, is a mineral exploration and development company focused on advancing a diversified portfolio of precious metal and lithium assets. Listed on the New York Stock Exchange under the ticker ARMN, the company pursues a disciplined strategy of resource definition and project development to deliver value for its shareholders.

The firm’s principal assets include several high-grade gold projects across multiple continents and a strategic lithium property in the United States.